UK Top of the Pops?

The 'Measuring Music’ report from cross-sector trade group UK Music says that that the UK music industry contributed £4.1 billion to the UK’s economy last year, using the ‘gross value added’ metric. This is slightly up on 2014, though is 11% higher than the first time UK Music calculated a GVA for the sector in 2012. The sector employs 119,000 people in the UK  and says 50% of the worlds's top selling artistes are British.

UK Music CEO Jo Dipple said: “The UK needs to solidify its new post-Brexit place in the world and music will undoubtedly be part of the glue that does this. Our export profile is astounding which is partly why music, like sport, gives the world an understanding of our small country. UK Music’s goal is to work with government to convince them to give us policies as good as the music we produce”.

http://www.ukmusic.org/research/measuring-music-2016/

UK Music industry booms

Ellie Goulding at Glastonbury -
 both major UK success stories

The British music industry contributed £3.8bn to the UK economy in 2013, according to a new report from UK Music. With the sector seeing a 9% growth over the year before, the cross industry group called for a stronger national copyright framework. The increase in overall music receipts can be traced to individual revenues by musicians, singers, composers, songwriters and lyricists, which rose more than 6% to £1.7bn, and live music sales, which rose almost 20% to £789m according to Measuring Music report. There were also increases in publishing and studio revenues, and a massive boom in UK music exports - up 57% to £2.2bn. On negative note, revenues from recorded music fell by £16m last year, to £618m.  More than 110,000 people hold full-time jobs in the UK music industry, 67,000 of whom are professional musicians.  UK Music boss Jo Dipple told reporters: "We all know how amazing British music is. Now we can put a figure to its value. Last year its contribution to our economy grew by 9%. This is a big deal. The music industry creates real jobs and real opportunities for young people". She added: "'Measuring Music' provides us with the data to accurately show government and policy makers how important an industry we are to the UK economy. The young bearded kids in the pub, making a racket on a Friday night, might just turn out to generate more revenue for [the Treasury] than a car manufacturer. But they need support to get there".